J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Free Report) shares gapped up prior to trading on Wednesday after Raymond James raised their price target on the stock from $195.00 to $200.00. The stock had previously closed at $188.17, but opened at $194.99. J.B. Hunt Transport Services shares last traded at $191.49, with a volume of 377,569 shares.
A number of other analysts have also weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 19th. Morgan Stanley cut their target price on shares of J.B. Hunt Transport Services from $172.00 to $170.00 in a research note on Thursday, July 6th. JPMorgan Chase & Co. upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to an “overweight” rating and set a $204.00 price target on the stock in a report on Thursday, May 11th. Stephens boosted their price target on shares of J.B. Hunt Transport Services from $196.00 to $203.00 in a report on Wednesday. Finally, Stifel Nicolaus boosted their price target on shares of J.B. Hunt Transport Services from $162.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.50.
Insider Buying and Selling
In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $175.30, for a total value of $210,360.00. Following the transaction, the executive vice president now owns 1,210 shares of the company’s stock, valued at $212,113. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $176.05, for a total transaction of $616,175.00. Following the transaction, the chief financial officer now directly owns 9,911 shares in the company, valued at $1,744,831.55. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Eric Mcgee sold 1,200 shares of the company’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $175.30, for a total transaction of $210,360.00. Following the completion of the transaction, the executive vice president now owns 1,210 shares in the company, valued at $212,113. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
J.B. Hunt Transport Services Price Performance
The stock has a market capitalization of $20.24 billion, a P/E ratio of 22.18, a PEG ratio of 1.48 and a beta of 1.13. The business has a fifty day simple moving average of $175.63 and a 200-day simple moving average of $178.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.17.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last issued its earnings results on Tuesday, July 18th. The transportation company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.09). J.B. Hunt Transport Services had a return on equity of 25.85% and a net margin of 6.35%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the business earned $2.42 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was down 18.4% on a year-over-year basis. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 8.26 earnings per share for the current fiscal year.
J.B. Hunt Transport Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, May 11th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 19.09%.
J.B. Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.
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